MRAAF (Murata Manufacturing Co) Cyclically Adjusted FCF per Share: $0.40 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MRAAF Murata Manufacturing Co Ltd MRAAF
70 GF Score
Price $45.89
GF Value $22.06
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Murata Manufacturing Co Cyclically Adjusted FCF per Share?

Murata Manufacturing Co MRAAF +3.21% 70 Cyclically Adjusted FCF per Share is $0.40 as of Mar. 2026. GuruFocus rates MRAAF with a GF Score™ of 70/100 and a GF Value™ of $22.06 (Significantly Overvalued). The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Murata Manufacturing Co's adjusted free cash flow per share for the three months ended in Mar. 2026 was $0.112. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $0.40 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Murata Manufacturing Co's average Cyclically Adjusted FCF Growth Rate was 9.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 14.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 10.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Murata Manufacturing Co was 25.10% per year. The lowest was -6.00% per year. And the median was 9.10% per year.

As of today (2026-08-01), Murata Manufacturing Co's current stock price is $45.8892. Murata Manufacturing Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was $0.40. Murata Manufacturing Co's Cyclically Adjusted Price-to-FCF of today is 114.72.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Murata Manufacturing Co was 178.25. The lowest was 32.94. And the median was 60.54.


Murata Manufacturing Co  (OTCPK:MRAAF) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Murata Manufacturing Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=45.8892/0.40
=114.72

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Murata Manufacturing Co was 178.25. The lowest was 32.94. And the median was 60.54.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Murata Manufacturing Co Cyclically Adjusted FCF per Share Related Terms


Murata Manufacturing Co Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Murata Manufacturing Co's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Murata Manufacturing Co Cyclically Adjusted FCF per Share Chart

Murata Manufacturing Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.38 0.37 0.37 0.43 0.40

Murata Manufacturing Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.43 0.44 0.47 0.49 0.40

MRAAF vs APH, GLW, TEL: Cyclically Adjusted FCF per Share Comparison

For the Electronic Components subindustry, Murata Manufacturing Co's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Murata Manufacturing Co Cyclically Adjusted Price-to-FCF vs Hardware Industry

For the Hardware industry and Technology sector, Murata Manufacturing Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Murata Manufacturing Co's Cyclically Adjusted Price-to-FCF falls into.


MRAAF
70GF Score
Murata Manufacturing Co Ltd MRAAF
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Murata Manufacturing Co Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Murata Manufacturing Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.112/112.7000*112.7000
=0.112

Current CPI (Mar. 2026) = 112.7000.

Murata Manufacturing Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -0.070 98.100 -0.080
201609 0.160 98.000 0.184
201612 0.110 98.400 0.126
201703 0.204 98.100 0.234
201706 -0.009 98.500 -0.010
201709 -0.116 98.800 -0.132
201712 -0.311 99.400 -0.353
201803 0.061 99.200 0.069
201806 -0.104 99.200 -0.118
201809 -0.187 99.900 -0.211
201812 0.029 99.700 0.033
201903 0.208 99.700 0.235
201906 -0.015 99.800 -0.017
201909 0.118 100.100 0.133
201912 0.113 100.500 0.127
202003 0.094 100.300 0.106
202006 -0.010 99.900 -0.011
202009 0.120 99.900 0.135
202012 0.168 99.300 0.191
202103 0.566 99.900 0.639
202106 0.054 99.500 0.061
202109 0.551 100.100 0.620
202112 0.314 100.100 0.354
202203 0.327 101.100 0.365
202206 -0.036 101.800 -0.040
202209 0.096 103.100 0.105
202212 -0.123 104.100 -0.133
202303 0.169 104.400 0.182
202306 -0.055 105.200 -0.059
202309 0.187 106.200 0.198
202312 0.262 106.800 0.276
202403 0.419 107.200 0.440
202406 -0.003 108.200 -0.003
202409 0.437 108.900 0.452
202412 0.189 110.700 0.192
202503 0.319 111.100 0.324
202506 -0.039 111.700 -0.039
202509 0.313 112.000 0.315
202512 0.231 113.000 0.230
202603 0.112 112.700 0.112

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of $0.40 mean?
Murata Manufacturing Co (MRAAF) has a Cyclically Adjusted FCF per Share of $0.40 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Murata Manufacturing Co and its competitors.
Is Murata Manufacturing Co's Cyclically Adjusted FCF per Share too high?
Murata Manufacturing Co's current Cyclically Adjusted FCF per Share is $0.40. Overall, Murata Manufacturing Co has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Murata Manufacturing Co's Cyclically Adjusted FCF per Share compare to APH and GLW?
Murata Manufacturing Co's Cyclically Adjusted FCF per Share of $0.40 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Hardware company?
A good Cyclically Adjusted FCF per Share depends on the Hardware industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Murata Manufacturing Co and its competitors. Murata Manufacturing Co's current Cyclically Adjusted FCF per Share is $0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Murata Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Murata Manufacturing Co (MRAAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $22.06, compared to a current price of $45.89 — trading 108% above its estimated fair value. The current Cyclically Adjusted FCF per Share is $0.40. Murata Manufacturing Co's overall GF Score™ is 70/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Murata Manufacturing Co (MRAAF), the current Cyclically Adjusted FCF per Share is $0.40 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Murata Manufacturing Co (MRAAF) Overvalued in 2026?

Based on GuruFocus' analysis, Murata Manufacturing Co stock appears to be overvalued. The current stock price of $45.89 is trading 108% above its estimated GF Value™ of $22.06. GuruFocus considers Murata Manufacturing Co to be Significantly Overvalued.

Key valuation signals for MRAAF:

  • Cyclically Adjusted FCF per Share: $0.40
  • GF Value™: $22.06 vs. price of $45.89 (108% above fair value)
  • GF Score™: 70/100 with 2 warning signs

No single metric tells the full story. See the MRAAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Murata Manufacturing Co Business Description

Address 1-10-1 Higashikotari, Kyoto Prefecture, Nagaokakyo, JPN, 617-8555
Murata Manufacturing produces passive components for electronic devices. Passive components are necessary for all electronic circuits, used to enable wireless communication, store electricity and handle electric flow, remove electromagnetic noise from circuits, and so on. Thus, passive components are imperative for electronic circuits. For instance, one high-end smartphone contains more than 1,000 passive components. Murata Manufacturing is the world's leading supplier of passive components, such as MLCC and SAW filters.
70GF Score

Get the complete analysis for MRAAF

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$45.89
Price
$22.06
GF Value